Interesting chart. It seems to show we're returning to the Carter years.

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It really has us more in the mid Reagan years. Regardless, though, they're right in line historicall, whether you want to argue about whether they're at the high, low or middle spot. They will be trending up, inflation adjusted, because of the hugely increasing world demand. But they are wholly reasonable.

Yes, if you consider the Carter oil crisis reasonable, you can make a good case. I can certainly afford a tank of gas, but people who depend on their car are not only concerned about the increased price of gas, but also it's affect on the price of other things.

In recent days, an electrician and a plumber (who have no idea or interest in my politics) have told me that the price of wire has climbed and the price of wallboard at Home Depot has gone from $10 to $12 in just a couple weeks.

Bottom line is adjected for inflation. So quit your whining, girls, and get back out on the road.

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Bullsh!t. When I moved to Phoenix in 1999, gas was 86 cents a gallon. Currently, the average is 3.13. Unless you want to argue that inflation has been over 200% since then.

In 2003, the pipeline bringing gas from Tuscon to Phoenix ruptured. The city had NO gas for almost a week, besides the little bit trucked in from Texas. Lines were around the block. People were furious, because gas prices climed to about $2.03 for a couple of weeks before coming back down to earth.

Now, if you want to argue that we've been spoiled by cheap gas prices, relative to Canada and Europe, you have a case. Call it a market correction if you will, but it absolutely is not inflation-related.

Bullsh!t. When I moved to Phoenix in 1999, gas was 86 cents a gallon. Currently, the average is 3.13. Unless you want to argue that inflation has been over 200% since then.

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Adjusted for inflation long term not short term. The fact that gas prices were going down when adjusted for inflation for 20 years doesn't change the fact that over 25 years it's basically been flat lined and is just trending up a little now, mostly due to massive increases in world demand.

In a way I kind of like it, it has no impact on my finances and maybe it'll keep some of the rabble off the roads Ride the busses and trains, everyone :rocker:

Look at some of the other clues. Look at home foreclosures, oil companies are having record profits, so on and so on. The poor bear the burden so egotistical Americans can drive around in a SUV so they can outdo their neighbor. We wonder why the Europeans laugh at us, we are our own worst enemy.
Our ongoing reliance on fossil fuel is compounded by our reliance on OPEC. The ultra-rich have control of this conspiracy and our holding our country by the testicles while they laugh all the way to the bank.

BF, are we looking at the same chart? Factoring in inflation, it appears the price is going up quite dramatically in recent years. True, you can always find a time frame that fits your argument, but prices are going up at an accelerated rate that many people are finding difficult. Perhaps a better chart is this one:

This is worst period since Carter, when we could blame ineffective leadership and oil embargos for the problem. Now, we can blame ineffective leadership and price gouging, as well as a foreign policy that seems to be reducing our leverage with oil-producing nations.

BF, are we looking at the same chart? Factoring in inflation, it appears the price is going up quite dramatically in recent years.

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Sure, because they had gone down. They're in line with the first half of the '80s, the Reagan years. Barring a major world event, they'll trend down a little once we get out of the summer and the trend line from the early '80s to now will be flat. Sure it'll be up from 5 years ago but that's because it had gone down from the early '80s until then.

BF, are we looking at the same chart? Factoring in inflation, it appears the price is going up quite dramatically in recent years. True, you can always find a time frame that fits your argument, but prices are going up at an accelerated rate that many people are finding difficult. Perhaps a better chart is this one:

This is worst period since Carter, when we could blame ineffective leadership and oil embargos for the problem. Now, we can blame ineffective leadership and price gouging, as well as a foreign policy that seems to be reducing our leverage with oil-producing nations.

Click to expand...

Clearly, the dude is giving us conflicting advice.

On the one hand, he is bragging how he can save $200,000 in his 401(k) on his $30,000 paycheck and how we should all save as much as we can.

On the other hand, he is telling us to go buy SUV and donate our money to the Republican-controlled oil companies instead of the 401(k).